✅ Passed #Louisiana P&C #Insurance Legislation
1. House Bill 148 (Act No. 11) — Effective August 1, 2025
Empowers the Insurance Commissioner to reject rate increases deemed excessive, inadequate, or unfairly discriminatory.
Allows ordering refunds or additional premiums depending on findings.
Requires prior-policy premium disclosure: the previous premium must be prominently displayed near the renewal premium on policy notices.
2. Insurance & Tort Reform Package — Signed mid‑2025
Multiple auto‑insurance and legal reform acts became law, including:
Act 15 (HB 431): Implements modified comparative fault, disqualifying anyone ≥ 51% at fault from recovering damages (effective Jan 1, 2026).
Act 18 (HB 450): Repeals the Housely presumption, requiring plaintiffs to prove injuries arose from the accident, instead of relying on prior treatment gaps.
Act 85 (HB 438): Bars insurers from including institutional advertising expenses when setting rates (effective Jan 1, 2026).
House Bill 434 (“No Pay‑No Play” reform): Uninsured drivers can’t recover the first $100,000 in bodily injury or property damage (effective Aug 1, 2025); also imposes cost‑bearing requirements on small awards.
Additional laws include caps on non-economic damages against unauthorized immigrants, new prescriptions for wrongful death claims, and rate‑transparency reporting provisions .
3. Property Insurance Regulation Enhancements
A set of reforms aimed at bolstering property insurance transparency and options also passed, including:
Stated Value Homeowner’s Policy Act (HB 356): Requires that insurers offer stated-value homeowner’s policies, allowing homeowners to insure based on a mutually agreed declared value rather than strictly market value.
Transparency measures and insurer notification requirements were also enacted, including advance notice when insurers plan to exit or expand in areas.
JoeBoonie
npub1te…3qwzc
2025-07-22 00:17:17 GMT
Author Public Key
npub1te43vvz6akg0mkdm8hmkznrmrdqe8fhc3kkp4349a40yt3x57p5q63qwzcPublished at
2025-07-22 00:17:17 GMTEvent JSON
{
"id": "817291cbbad19718178db1416717755f6ee541a9f78a3eef481fc47215d1cb32",
"pubkey": "5e6b16305aed90fdd9bb3df7614c7b1b4193a6f88dac1ac6a5ed5e45c4d4f068",
"created_at": 1753143437,
"kind": 1,
"tags": [
[
"t",
"Louisiana"
],
[
"t",
"louisiana"
],
[
"t",
"Insurance"
],
[
"t",
"insurance"
]
],
"content": "✅ Passed #Louisiana P\u0026C #Insurance Legislation\n\n1. House Bill 148 (Act No. 11) — Effective August 1, 2025\n\nEmpowers the Insurance Commissioner to reject rate increases deemed excessive, inadequate, or unfairly discriminatory.\n\nAllows ordering refunds or additional premiums depending on findings.\n\nRequires prior-policy premium disclosure: the previous premium must be prominently displayed near the renewal premium on policy notices. \n\n\n2. Insurance \u0026 Tort Reform Package — Signed mid‑2025\n\nMultiple auto‑insurance and legal reform acts became law, including: \n\nAct 15 (HB 431): Implements modified comparative fault, disqualifying anyone ≥ 51% at fault from recovering damages (effective Jan 1, 2026).\n\nAct 18 (HB 450): Repeals the Housely presumption, requiring plaintiffs to prove injuries arose from the accident, instead of relying on prior treatment gaps.\n\nAct 85 (HB 438): Bars insurers from including institutional advertising expenses when setting rates (effective Jan 1, 2026).\n\nHouse Bill 434 (“No Pay‑No Play” reform): Uninsured drivers can’t recover the first $100,000 in bodily injury or property damage (effective Aug 1, 2025); also imposes cost‑bearing requirements on small awards.\n\nAdditional laws include caps on non-economic damages against unauthorized immigrants, new prescriptions for wrongful death claims, and rate‑transparency reporting provisions .\n\n\n3. Property Insurance Regulation Enhancements\n\nA set of reforms aimed at bolstering property insurance transparency and options also passed, including: \n\nStated Value Homeowner’s Policy Act (HB 356): Requires that insurers offer stated-value homeowner’s policies, allowing homeowners to insure based on a mutually agreed declared value rather than strictly market value.\n\nTransparency measures and insurer notification requirements were also enacted, including advance notice when insurers plan to exit or expand in areas.",
"sig": "15b1c81092ba9077a014f784e4fea530f83d75fea96b80b38901aec82fa43f5a982ca6ceb5e798585d2e0da04afb26c3e4ec646e537e149c326694aee5232ced"
}